Biden Has A Lot To Boast About In New Covid Relief Bill

Rachel Maddow reviews some of the highlights of the wide-reaching Covid-19 relief bill that Democrats are poised to pass for President Joe Biden to sign and notes that Biden is not well served by modesty given the amount of good the legislation does for Americans. Aired on 03/10/2021.
bobknight33says...

9% for the American people
$1400 each if earned under 75K/ear or $2800 of married under 150k$/year.

At $75K/year you really don't need this $ or at least could get by with out it.



then comes the remaining 91% for programs and pork.
Schools don't need this $.

Free premiums if under 150% poverty rate -- ok.



However if 1400 represents 10% of the 1.9 trillion when would it not be better spent if each got $14,000 each or $28K for the family and let each family decide how to spent this money. LEt teh people decide their needs on what to pay for Healthcare mortgage, rent car payment etc.


End of the day Americans got $1400 and a tax bill for 1.9 Trillion.


Again, Americans got screwed.

newtboysays...

Thanks McConnell. At least more goes to citizens than Republicans wanted, and less as handouts to large international companies.
Yeah, you don't think schools should get any money, but some people think a third grade education isn't enough. They absolutely need funding to reopen safely, but again you don't believe the virus is anything to worry about. The only intelligent thing to do is wait until students and teachers are vaccinated before returning to a system where social distancing is impossible.
Republicans are outraged there's more cash for citizens in it, they just gave $600 per person and weren't happy giving back that much. Your party completely disagrees with you....but it is interesting you suggest they should go with the Democrats original plan to give up to $2000 per adult monthly...a plan republican representatives refused to consider because it's socialist to help citizens that much, but fine to hand trillions to large companies they own or have stakes in that didn't need assistance. It sounds like you're saying Trump's pandemic relief bills were total cash grabs by his lackeys not designed to help citizens or the pandemic. Welcome back to reality.
If you let the people decide, 1/3 of Republicans will pretend there's no pandemic, refuse vaccination because Bill Gates put microchips in there, and go maskless to group events, starting wave four and reversing the gains under Biden. The healthcare portion is imperative, as is mandatory vaccination. It should be just like measles, no vaccine, no school, no job, no government cheese.

It is confusing how, when raising the minimum wage was the most expensive part of the bill, it's still $1.9 Trillion with it removed and with payouts regulated instead of paid out across the board like Trump's unregulated bailouts. Where did that savings go?

Funny how now, after 4 years of completely ignoring it as it skyrocketed, the debt suddenly matters to Republicans again. Y'all can eat a crate of baby dicks, democrats are far more fiscally conservative than Trumpsters.

Edit: btw, this bill has >75% support from the American people, and zero support from obstructionist republican representatives. This is the unity Biden brings, not unity with outrageously self dealing and self centered obstructionist republican representatives but unity with Americans, and an end to legislating solely for the benefit of the top 10% - 1%.

bobknight33said:

9% for the American people
$1400 each if earned under 75K/ear or $2800 of married under 150k$/year.

At $75K/year you really don't need this $ or at least could get by with out it.



then comes the remaining 91% for programs and pork.
Schools don't need this $.

Free premiums if under 150% poverty rate -- ok.



However if 1400 represents 10% of the 1.9 trillion when would it not be better spent if each got $14,000 each or $28K for the family and let each family decide how to spent this money. LEt teh people decide their needs on what to pay for Healthcare mortgage, rent car payment etc.


End of the day Americans got $1400 and a tax bill for 1.9 Trillion.


Again, Americans got screwed.

StukaFoxsays...

Bob, as much as this'll surprise you, I totally agree with what you're saying. The distribution of the stimulus money to couples making up to $150,000 is friggen ridiculous -- and I'm in that category. I will do what I did with the last two checks: give to local charities helping the homeless and communities of color (as much as I hate that term).

The worst part of this is that it sets up a liquidity trap. The Fed can't reduce buying crap debt (that BBB dogshit is at 4% should terrify anyone who understands how debt and the rating agencies work), nor can they allow rates to rise (thus totally screwing responsible savers). This is the cusp of a financial disaster that blew past 1929 on 9/17/19 and is now approaching the cataclysm of the South Seas Company collapsing. As far as I can see, this is a total melt-up in the markets because there's no stable returns and everyone is now in speculation mode.

Were it my call, I would scale the money along income (or non-income) lines: $10k for the lowest incomes, sliding scale from there. I'd also set up government-backed savings accounts that pay 10% for those people and only those people. I'd also pay off/down student debt along the same income scales.

I do not begrudge the wealthy for their wealth. But capitalism can't be a winner-take-all system. We live in a society, and society will always have winners and losers. The least we can do is ease the burden for those at the bottom by taking some from the top. I'm tired of the homeless camps and mentally-ill people wandering the streets of Seattle. They are the least of us and thus should be the ones who get the most help.

bobknight33said:

End of the day Americans got $1400 and a tax bill for 1.9 Trillion.

Again, Americans got screwed.

luxintenebrisjokingly says...

"Schools don't need this $."

* * ? * *

okay? what's your source or explanation? if we're just making unsubstantiated blanket statements...

"All the Republican woman in congress are closeted lesbians and working for the DGCIM"

...is just as bulletproof.

maybe this is another 'landslide' projection.

as far as being screwed...

https://digg.com/video/david-cross-has-an-epic-rant-about-everything-wrong-about-america

...good call...at least a GOP member has admitted collusion.

StukaFoxsays...

Yeah -- just raise the rates like they did in December of '18. That ended REAL well and it was only 1% and some talk of 3%.

I'm all in favor of stupid money and the Robinhood muppets getting a taste of what a real bear market is like, but once this shit gets rolling, I have no idea how to stop it -- and neither does the Fed.

TangledThornssaid:

Hooray for inflation!

surfingytsays...

lol, now you care? how much did yer boy print?

bobknight33said:

9% for the American people
$1400 each if earned under 75K/ear or $2800 of married under 150k$/year.

At $75K/year you really don't need this $ or at least could get by with out it.



then comes the remaining 91% for programs and pork.
Schools don't need this $.

Free premiums if under 150% poverty rate -- ok.



However if 1400 represents 10% of the 1.9 trillion when would it not be better spent if each got $14,000 each or $28K for the family and let each family decide how to spent this money. LEt teh people decide their needs on what to pay for Healthcare mortgage, rent car payment etc.


End of the day Americans got $1400 and a tax bill for 1.9 Trillion.


Again, Americans got screwed.

luxintenebrisjokingly says...

it's a phenomenon.

like not being able to detect their own scent.

similar to what Rodney Dangerfield used to say...

"i don't like loaning friends money. it's not good for them. gives them amnesia!"

same with the change of parties. prompts a men-in-black photo shoot.

newtboysaid:

You loved it when Trump printed trillions for bailouts and handouts.

BSRsays...

He also said, "Once I fell asleep with a cigarette in my hand. My wife lit it."

luxintenebrissaid:

similar to what Rodney Dangerfield used to say...

"i don't like loaning friends money. it's not good for them. gives them amnesia!"

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